Keybanc Maintains Overweight on Instructure Hldgs, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jason Celino has maintained an Overweight rating on Instructure Holdings (INST) but has lowered the price target from $32 to $28.
February 21, 2024 | 6:38 pm
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NEUTRAL IMPACT
Keybanc maintains an Overweight rating on Instructure Holdings but lowers the price target from $32 to $28.
While the reduction in price target could suggest a tempered outlook on the stock's short-term price potential, maintaining an Overweight rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest both the positive rating and the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100